Swift Launches Global Infrastructure Plan to Simplify Tokenized Asset Transfers

According to BlockBeats, on September 11, Swift announced the launch of a global infrastructure plan aimed at simplifying the transfer of tokenized assets. This initiative will allow members to utilize the Swift network for trading both traditional and emerging assets, including cryptocurrencies. The plan will test multi-ledger delivery versus payment (DvP) and payment versus payment (PvP) transactions, with the goal of achieving real-time payments and exchanges of tokenized assets. Swift's move focuses on the global trading of real-world assets (RWA), a market projected to reach $30 trillion by 2034. The company highlighted that the global tokenized asset industry faces interoperability issues, causing different RWAs to become digital islands due to the lack of a globally unified digital currency form.